Changed my mind on DCI. This is not to say I wont get back in if the price falls more.
I am getting out more or less flat. Announcement that they are going to use Pearl Island cash for working capital and that:
“ The Board will re-evaluate the Company’s distribution potential when there is more clarity on the pace of additional disposals.”
Makes me think selling these assets may take a while longer than I initially expected… I’m also more concerned about the price… I always was a bit concerned about the quality of this one…
Portfolio is up 4% for 3 months ending March FTSE all share up 3%.
Bit disappointing – a couple of weeks before the end of March I was up over 10% but I have been hit by negative moves in Symphony International, Produce Investments and Tejoori.
Produce will come back, I have been trading round my position in TJI – selling shares at 40c buying back at 33…
I did a little trade on EUR / CZK betting the peg would be eased. It was but quite quickly after I did the trade so I didn’t get to write it up. I like fixed exchange rate peg trades – designed right if I win then I win lots – and if I lose I don’t lose much. It didn’t make me much at all though… I didnt make much though – I thought the move would be much bigger – I am letting it run now though…
Really struggling to come up with good ideas at the moment – looking in to overseas investments but I haven’t found anything which really makes me want to put my money in.
I really need to SIHL, TJI are nearly done – 15% of the portfolio heading towards cash….